Form 990-EZ for tax year 2023

Totals

Total revenue

$11,391

Total expenses

$511,762

Contributions and grants received

$8,489

Grants paid

— not reported

Program service revenue

$2,902

Membership dues (line 3)

— not reported

Investment income (line 4)

— not reported

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$34,949

Total liabilities, end of year

$543,076

Net assets or fund balances, end of year

-$508,127

Program service expenses (Part III)

$500,000

Program services were 97.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• WHAT WE DO: PROVIDE EDUCATION AND RESEARCH ON THE MOST PRESSING ISSUES FACING THE BLOCKCHAIN TECHNOLOGY AND DIGITAL ASSETS INDUSTRY AND HELP DEVELOP CREATIVE SOLUTIONS.BUILDING BLOCKS: THE CHAMBER OF DIGITAL COMMERCE FOUNDATION IS ADDRESSING THE FOLLOWING KEY TOPICS OF IMPORTANCE TO THE BLOCKCHAIN SECTOR:INTEROPERABILITY: ONE OF THE BIGGEST ISSUES MEMBERS OF THE CHAMBER OF DIGITAL COMMERCE HAVE CONTINUED TO FACE IS INTEROPERABILITY. THERE ARE OVER 1000 BLOCKCHAINS IN EXISTENCE TODAY, ALL OFFERING VARIOUS FEATURES AND CUSTOMIZATION TO SPECIFIC INDUSTRIES. FOR A DIGITAL ECOSYSTEM TO THRIVE, THE EASE OF MOVING ASSETS FROM ONE PLATFORM TO ANOTHER MUST BE FRICTIONLESS. SCALABILITY: IN ORDER FOR BLOCKCHAINS TO ACHIEVE MASS ADOPTION THEY MUST BE ABLE TO SCALE. GENERALLY SPEAKING, TODAY BLOCKCHAINS DO NOT SCALE. THE TWO BIGGEST BLOCKCHAINS BY MARKET CAPITALIZATION, BITCOIN AND ETHEREUM, PROCESS ONLY 7 AND 20 TRANSACTIONS PER SECOND, RESPECTIVELY. THE BLOCKCHAIN COMMUNITY NEEDS A PLATFORM THAT IS REFEREED BY A UNBIASED, NEUTRAL, THIRD PARTY TO PROVIDE TECHNICAL SOLUTIONS TO BLOCKCHAIN SCALING CHALLENGES.DIGITAL SOVEREIGNTY: GOVERNMENTS, CORPORATIONS AND INDIVIDUALS ALIKE DESERVE TO HAVE ACCESS TO THE INTERNET IN A SECURE AND PRIVATE WAY. DIGITAL SOVEREIGNTY IS ABOUT GIVING CONTROL OF DIGITAL ASSETS BACK TO THEIR RIGHTFUL OWNERS. THIS INCLUDES IDENTITY, FINANCIAL INSTRUMENTS, INTELLECTUAL PROPERTY AND ALL OTHER TANGIBLE AND INTANGIBLE ASSETS. HOW WE DO IT: RESEARCH: SUPPORT AND FUNDING FOR CORE DEVELOPERS, SCIENTISTS, ENGINEERS AND OTHER TECHNICAL EXPERTS TO CONTRIBUTE TO THE MOST PRESSING ISSUES FACING THE INDUSTRY, PROVIDING A NEUTRAL PLATFORM TO CURATE RESEARCH AND THOUGHT LEADERSHIP. WE ARE COMMITTED TO EQUITABLE COMPENSATION OF CORE DEVELOPERS RATHER THAN RELYING ON VOLUNTEERS TO RUN MULTI-BILLION-DOLLAR TECHNOLOGY SYSTEMS. WE PROPOSE TO GENERATE FELLOWSHIPS, PROVIDE GRANTS, OFFER SCHOLARSHIPS AND PROVIDE OTHER EQUITABLE SUPPORT TO PROMOTE ADVANCES IN THIS SECTOR.EDUCATION: PRODUCE PROFESSIONAL EDUCATIONAL CONTENT ON MULTIPLE MEDIUMS TO EDUCATE THE PUBLIC ON DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGIES. WE PROPOSE TO INITIATE CERTIFICATION PROGRAMS FOR BLOCKCHAIN DEVELOPMENT. AMONG EDUCATIONAL INITIATIVES WE PROPOSE TO OFFER HIGH QUALITY CONTENT TO TELEVISION COMMERCIAL AND PUBLIC RADIO, PODCASTS, SOCIAL MEDIA ENGAGEMENT, AND PROVIDE AND UNDERWRITE GUEST SPEAKERS.

  Expenses $500,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v5.1

Source object

202423209349209057

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